Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q4 23 | — | -$0.57 | — | — | $2.2M | — |
| Q3 23 | -$1.05 | -$1.03 | +1.9% | — | $1.8M | — |
| Q2 23 | -$1.23 | -$1.04 | +15.4% | — | $1.8M | — |
| Q1 23 | — | -$1.22 | — | — | $1.5M | — |
| Q4 22 | -$1.44 | -$1.14 | +20.8% | — | $1.7M | — |
| Q3 22 | -$1.51 | -$1.45 | +4.0% | — | $1.9M | — |
| Q2 22 | -$1.51 | -$1.36 | +9.9% | — | $1.3M | — |
| Q1 22 | -$1.41 | -$1.51 | -7.1% | — | $1.2M | — |
| Q4 21 | -$1.6 | -$2.43 | -51.9% | — | $456K | — |
| Q3 21 | -$1.4 | -$3 | -114.3% | — | $1.1M | — |
| Q2 21 | -$1.8 | -$1.4 | +22.2% | — | $2.3M | — |
| Q1 21 | -$2 | -$1.8 | +10.0% | — | $1.4M | — |
| Q4 20 | -$3.8 | -$1 | +73.7% | — | $2M | — |
| Q3 20 | -$4.4 | -$6.2 | -40.9% | — | $4.4M | — |
| Q2 20 | -$7.6 | -$1 | +86.8% | — | $3.5M | — |
| Q1 20 | -$4.4 | -$4.6 | -4.5% | — | $2.8M | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY25 | — | -$1.41 | — | — | $0 | — |
| FY24 | — | -$2.62 | — | — | $7.8M | — |
| FY23 | — | -$3.87 | — | — | $7.3M | — |
| FY22 | — | -$5.46 | — | — | $6.1M | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $835K | $335K | $153K | $7.9M | $12.6M | $5.2M | $6.1M | $7.3M | $7.8M | $0 |
| YoY change | -30.5% | -59.9% | -54.3% | +5.1K% | +59.7% | -59.1% | +17.5% | +20.2% | +6.96% | -100% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 835K | 335K | 153K | 7.9M | 12.6M | 5.2M | 6.1M | 7.3M | 7.8M | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 10.2M | 10.2M | 13M | 12.8M | 15.6M | 15.4M | 18.2M | 15.5M | 7.2M | 38K |
| Selling, general & administrative | 8M | 7.6M | 7.5M | 8.5M | 6.9M | 6.4M | 6.8M | 6.5M | 7.8M | 5.1M |
| Operating expenses | 18.2M | 17.8M | 20.5M | 21.3M | 22.5M | 21.8M | 25M | 22M | 15M | 5.2M |
| Operating income | -17.3M | -17.5M | -20.3M | -13.4M | -9.9M | -16.6M | -18.9M | -14.7M | -7.1M | -5.2M |
| Operating margin | -2.1K% | -5.2K% | -13.3K% | -169.7% | -78.1% | -321% | -312.1% | -202% | -91.5% | — |
| Non-operating income, net | -12.6M | 62K | -73K | -7.5M | -9.5M | -3.6M | -198K | -248K | -2.9M | -137K |
| Pretax income | -30.8M | -18.1M | -20.6M | -20.6M | -19.3M | -20.2M | -18.8M | -14.1M | -9.6M | -5.2M |
| Income tax | -3M | 0 | — | — | — | — | — | — | — | — |
| Net income | -27.8M | -18.1M | -20.6M | -20.6M | -19.3M | -20.2M | -18.8M | -14.1M | -9.6M | -5.2M |
| Net margin | -3.3K% | -5.4K% | -13.4K% | -260.4% | -152.8% | -390.2% | -310.3% | -193.5% | -122.5% | — |
| EBITDA | -17.1M | -17.2M | -20.1M | -5.4M | 470K | -11.8M | -17.4M | -13.3M | -4M | -5.2M |
| EPS | -376 | -186.4 | -99.6 | -24.6 | -13.4 | -8.63 | -5.46 | -3.87 | -2.62 | -1.41 |
| Diluted EPS | -376 | -186.4 | -99.6 | -24.6 | -13.4 | -8.63 | -5.46 | -3.87 | -2.62 | -1.41 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.8M | 2.2M | 5.9M | 1.6M | 366K | 3K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 4M | 3.5M | 3.5M | 2.8M | 814K | 6K | 19K | 14K | 8K | -3K | 3K | 2K |
| Selling, general & administrative | 1.7M | 911K | 1.6M | 2M | 2.2M | 1.9M | 1.8M | 1.5M | 858K | 911K | 1.3M | 1M |
| Operating expenses | 5.7M | 4.4M | 5.1M | 4.8M | 3M | 2M | 1.8M | 1.5M | 866K | 908K | 1.3M | 1M |
| Operating income | -3.9M | -2.2M | 747K | -3.3M | -2.7M | -2M | -1.8M | -1.5M | -866K | -908K | -1.3M | -1M |
| Operating margin | -224.7% | -101% | 12.7% | -211.5% | -726% | -65.1K% | — | — | — | — | — | — |
| Non-operating income, net | -52K | -50K | -82K | -2.7M | -31K | -107K | -14K | -42K | -41K | -40K | 108K | — |
| Pretax income | -3.8M | -2.1M | 825K | -5.8M | -2.6M | -2M | -1.8M | -1.5M | -877K | -928K | -1.2M | -1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -3.8M | -2.1M | 825K | -5.8M | -2.6M | -2M | -1.8M | -1.5M | -877K | -928K | -1.2M | -1M |
| Net margin | -215.3% | -94.6% | 14% | -374.4% | -706.8% | -66.2K% | — | — | — | — | — | — |
| EBITDA | -3.5M | -2M | 1M | -504K | -2.7M | -1.9M | -1.9M | -1.5M | -866K | -908K | -1.3M | -1M |
| EPS | -1.03 | — | 0.23 | -1.59 | -0.71 | — | -0.5 | -0.42 | -0.24 | — | -0.32 | -0.29 |
| Diluted EPS | -1.03 | — | 0.23 | -1.59 | -0.71 | — | -0.5 | -0.42 | -0.24 | — | -0.32 | -0.29 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 6.8M | 25.5M | 8.1M | 5.8M |
| Enterprise value | — | — | — | — | — | — | — | -3.6M | 16M | 4.1M | 4.7M |
| Shares outstanding | 74.1K | 96.9K | 206.3K | 836.7K | 1.4M | 2.7M | 3.4M | 3.7M | 3.7M | 3.7M | 3.7M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -1.13 |
| P/S | — | — | — | — | — | — | — | 0.93 | 3.27 | — | — |
| P/B | — | — | — | — | — | — | — | 0.38 | 2.85 | 2.14 | 3.62 |
| EV/EBITDA | — | — | — | — | — | — | — | 0.27 | -3.97 | -0.77 | -0.89 |
| EV/Sales | — | — | — | — | — | — | — | -0.5 | 2.05 | — | — |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -88.7% |
| FCF yield | — | — | — | — | — | — | — | -245.3% | -43.6% | -66.7% | -54.5% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.04 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -2.1K% | -5.2K% | -13.3K% | -169.7% | -78.1% | -321% | -312.1% | -202% | -91.5% | — | 0% |
| Net margin | -3.3K% | -5.4K% | -13.4K% | -260.4% | -152.8% | -390.2% | -310.3% | -193.5% | -122.5% | — | 0% |
| ROE | -317.8% | -178.1% | -173.6% | -186.9% | -83.4% | -42.5% | -60.5% | -78.5% | -106.8% | -135.5% | -98.3% |
| ROA | -167.1% | -113% | -139.7% | -57.1% | -50.7% | -34.3% | -46% | -41.6% | -96.1% | -124.7% | -54.7% |
| ROIC | -166.9% | -178.2% | — | — | — | — | — | — | — | — | — |
| Return on tangible assets | 539.1% | 308.6% | 295.1% | -71.2% | -62.4% | -34.3% | -46% | -41.6% | -96.1% | -124.7% | -123.6% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.02 | 0.73 | 1.14 | 1.83 | 3.97 | 12.3 | 7.6 | 5.33 | 10.7 | 12.6 | 4.7 |
| Quick ratio | 1.02 | 0.73 | 1.14 | 1.83 | 3.97 | 12.3 | 7.6 | 5.33 | 10.7 | 12.6 | 4.7 |
| Debt / equity | 0.66 | 0.32 | — | 0.06 | 0.08 | 0.05 | 0.03 | 0.49 | 0 | — | 0 |
| Debt / assets | 0.35 | 0.2 | — | 0.02 | 0.05 | 0.04 | 0.02 | 0.26 | 0 | — | — |
| Net debt / EBITDA | -0.09 | 0.02 | — | 4.22 | -63.6 | 4.38 | 2 | 0.79 | 2.37 | — | — |
| Interest coverage | -34 | -27.1 | -109.6 | — | — | — | — | — | — | — | — |
| Effective tax rate | 0% | 0% | — | — | — | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 11.3 | 3.46 | 0.74 | 9.45 | 8.79 | 1.91 | 1.76 | 2 | 2.14 | 0 | 0 |
| EPS (basic) | -376 | -186.4 | -99.6 | -24.6 | -13.4 | -8.63 | -5.46 | -3.87 | -2.62 | -1.41 | -1.41 |
| EPS (diluted) | -376 | -186.4 | -99.6 | -24.6 | -13.4 | -8.63 | -5.46 | -3.87 | -2.62 | -1.41 | -1.1 |
| Book value per share | 118.3 | 104.7 | 57.4 | 13.2 | 16.1 | 17.5 | 9.02 | 4.93 | 2.45 | 1.04 | 0.44 |
| FCF per share | -184.9 | -150.2 | -81.3 | 3.79 | -8.88 | -7.34 | -5.64 | -4.56 | -3.04 | -1.49 | -1.07 |
| Cash per share | 56.5 | 36.7 | 12.4 | 28 | 22 | 19.9 | 10.3 | 5.25 | 2.61 | 1.12 | 0.59 |
| Capex per share | 5.82 | 0.76 | 0.09 | 0.07 | 0.2 | 0.05 | 0.02 | 0.19 | 0.11 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 51.6% | 22.1% | 12.4% | 0.73% | 2.22% | 2.79% | 1.42% | 9.26% | 5.1% | — | — |
| Capex / operating cash flow | -1.83% | -0.49% | -0.11% | -1.19% | -2.33% | -0.64% | -0.44% | -4.44% | -2.99% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| -$8.63 |
| — |
| — |
| $5.2M |
| — |
| FY20 | — | -$13.4 | — | — | $12.6M | — |
| FY19 | — | -$24.6 | — | — | $7.9M | — |
| FY18 | — | -$99.6 | — | — | $153K | — |
| FY17 | — | -$186.4 | — | — | $335K | — |
| FY16 | — | -$376 | — | — | $835K | — |
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8M | $2.2M | $5.9M | $1.6M | $366K | $3K | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | -6.36% | +28.9% | +292.6% | -15.8% | -79.1% | -99.9% | -100% | -100% | -100% | -100% | 0% | 0% |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 4.2M | 3.5M | 2.6M | 23.4M | 31.7M | 53.8M | 35.6M | 19.2M | 9.5M | 4.1M |
| Receivables | 206K | 1K | 0 | 7.2M | 84K | 67K | 1.3M | 928K | 0 | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 4.8M | 4.2M | 3.3M | 31.4M | 32.5M | 54.8M | 38.1M | 20.8M | 9.9M | 4.1M |
| Property, plant & equipment | 786K | 614K | 394K | 900K | 1.9M | 2.4M | 945K | 11.5M | 0 | — |
| Goodwill & intangibles | 21.8M | 21.8M | 21.7M | 7.2M | 7.2M | 0 | — | — | — | — |
| Total assets | 16.7M | 16M | 14.7M | 36.1M | 38.1M | 58.8M | 41M | 34M | 9.9M | 4.1M |
| Accounts payable | 747K | 457K | 1.2M | 600K | 851K | 839K | 1.2M | 1.9M | 809K | 272K |
| Short-term debt | 2.6M | 3.2M | — | 675K | 1.1M | 1.4M | 857K | 429K | — | — |
| Total current liabilities | 4.7M | 5.8M | 2.9M | 17.2M | 8.2M | 4.4M | 5M | 3.9M | 929K | 329K |
| Long-term debt | 3.2M | — | — | 0 | 608K | 857K | 0 | 8.3M | 0 | — |
| Total liabilities | 7.9M | 5.8M | 2.9M | 25.1M | 15M | 11.4M | 9.8M | 16M | 996K | 329K |
| Shareholders' equity | 8.8M | 10.1M | 11.8M | 11M | 23.1M | 47.4M | 31.1M | 18M | 8.9M | 3.8M |
| Total debt | 5.8M | 3.2M | — | 675K | 1.7M | 2.3M | 857K | 8.8M | 0 | — |
| Net debt | 1.6M | -329K | — | -22.8M | -29.9M | -51.6M | -34.8M | -10.4M | -9.5M | — |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 21.3M | 19.2M | 16.3M | 12.4M | 10.8M | 9.5M | 7.7M | 5.8M | 4.8M | 4.1M | 3.3M | 2.2M |
| Receivables | 841K | 928K | 570K | 635K | 23K | 0 | 16K | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 23.2M | 20.8M | 17.6M | 15.6M | 11.4M | 9.9M | 8M | 6.1M | 5M | 4.1M | 4.5M | 3.2M |
| Property, plant & equipment | 11.9M | 11.5M | 11.2M | 0 | 0 | 0 | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 36.8M | 34M | 30.4M | 15.8M | 11.5M | 9.9M | 8.1M | 6.2M | 5M | 4.1M | 4.5M | 3.2M |
| Accounts payable | 707K | 1.9M | 721K | 393K | 373K | 809K | 657K | 384K | 69K | 272K | 651K | 529K |
| Short-term debt | 199K | 429K | 383K | 24K | — | — | — | — | — | — | — | — |
| Total current liabilities | 4.4M | 3.9M | 3.1M | 2.5M | 590K | 929K | 903K | 548K | 249K | 329K | 905K | 689K |
| Long-term debt | 8.4M | 8.3M | 8.2M | 0 | 0 | 0 | — | — | — | — | — | — |
| Total liabilities | 16.9M | 16M | 11.4M | 2.5M | 590K | 996K | 904K | 548K | 249K | 329K | 905K | 689K |
| Shareholders' equity | 19.9M | 18M | 19M | 13.3M | 10.9M | 8.9M | 7.1M | 5.6M | 4.7M | 3.8M | 3.6M | 2.6M |
| Total debt | 8.6M | 8.8M | 8.6M | 24K | 0 | 0 | — | — | — | — | — | — |
| Net debt | -12.7M | -10.4M | -7.7M | -12.4M | -10.8M | -9.5M | — | — | — | — | — | — |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -27.8M | -18.1M | -20.6M | -20.6M | -19.3M | -20.2M | -18.8M | -14.1M | -9.6M | -5.2M |
| Depreciation & amortization | 250K | 246K | 231K | 765K | 1M | 1.2M | 1.5M | 1.5M | 435K | 0 |
| Stock-based compensation | 4M | 2.8M | 3M | 2.1M | 1.2M | 1.2M | 1.1M | 954K | 511K | 25K |
| Change in working capital | -300K | -290K | 726K | 12.9M | -4.2M | -4.6M | -3.4M | -3.5M | -4.7M | -524K |
| Operating cash flow | -23.6M | -15.1M | -16.6M | -4.9M | -12.1M | -22.4M | -19.6M | -15.2M | -13.3M | -5.4M |
| Capital expenditure | -431K | -74K | -19K | -58K | -281K | -144K | -86K | -676K | -398K | — |
| Investing cash flow | -431K | -74K | -19K | -58K | -281K | -144K | -86K | -676K | -398K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -152K | — | — | — |
| Financing cash flow | -1M | 10.9M | 12.3M | 17.5M | 7.3M | 43.3M | 1.1M | 53K | 0 | — |
| Net change in cash | -25.1M | -4.2M | -4.3M | 12.6M | -5M | 20.8M | -18.6M | -15.9M | -13.7M | -5.4M |
| Free cash flow | -13.7M | -14.6M | -16.8M | 3.2M | -12.8M | -19.9M | -19.4M | -16.7M | -11.1M | -5.4M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -3.8M | -2.1M | 825K | -5.8M | -2.6M | -2M | -1.8M | -1.5M | -877K | -928K | -1.2M | -1M |
| Depreciation & amortization | 426K | 208K | 274K | 161K | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Stock-based compensation | 206K | 197K | 198K | 103K | 197K | 13K | 8K | 6K | 6K | 5K | 3K | 2K |
| Change in working capital | -1.8M | 823K | -4.9M | -609K | 337K | 500K | -155K | -257K | -315K | 203K | 379K | -122K |
| Operating cash flow | -4.9M | -855K | -3.6M | -6.2M | -2.1M | -1.5M | -2M | -1.9M | -1M | -706K | -1.1M | -1.1M |
| Capital expenditure | -313K | -305K | -154K | -244K | 0 | 0 | 0 | — | — | — | — | — |
| Investing cash flow | -313K | -305K | -154K | -244K | 0 | 0 | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | 1M | 0 |
| Net change in cash | -5.3M | -1.2M | -3.8M | -6.4M | -2.1M | -1.5M | -2M | -1.9M | -1M | -706K | -67K | -1.1M |
| Free cash flow | -4.5M | -2.3M | -2.9M | -3.9M | -3.1M | -1.3M | -1.8M | -1.9M | -1M | -706K | -1.1M | -1.1M |